Results: Net income for the oil and gas company rose to $420.7 million (49 cents/unit) vs. $377.8 million (33 cents/unit) in the same quarter a year earlier. A rise of 11.4% from the year earlier quarter.

Revenue: Rose 19.2% to $10.18 billion YoY.

Actual vs. Wall St. Expectations: The mean estimate for EPD was 44 cents/share. Estimates ranged from 38 cents per share to 47 cents per share.

Quoting Management: “Enterprise had a record first quarter to begin 2011,” stated Michael A. Creel, president and CEO of Enterprise. “Our 50,000-mile system of natural gas, NGL, refined products, crude oil and petrochemical pipelines continues to operate at record or near record volumes. We are continuing to benefit from production growth in the shale regions as well as increased demand for NGLs by the U.S. petrochemical industry and international markets. With few exceptions, the partnership’s diversified mix of businesses had another strong quarter.”